International cooperation: climate change

Assessing the impact of projects on the global climate is part of the Bank’s environmental appraisal process. The assessment methodology follows the principles of greenhouse gas (GHG) reporting adopted by the Intergovernmental Panel on Climate Change and the World Business Council for Sustainable Development.

Convention on Climate Change

The Convention on Climate Change recognizes that the climate system is a shared international resource whose stability can be affected by emissions of carbon dioxide and other greenhouse gases.

More about the Convention on Climate Change.

Kyoto Protocol

The 1997 Kyoto Protocol aims to reduce emissions that contribute to global warming and climate change. It shares the same objective, principles and institutions as the Convention on Climate Change, but strengthens it by committing Annex I parties to individual, legally-binding targets to limit or reduce GHG emissions. Only parties to the Convention that have also become parties to the Protocol will be bound by the Protocol’s commitments.

The EBRD has a specific mandate to support the implementation of the Kyoto Protocol and helps reduce GHGs emissions by having establishing one of Europe’s first carbon trading funds together with the Dutch government. The €32 million Carbon Credit Fund invests in climate-friendly projects.

Detail on the Bank's annual greenhouse gas assessment of its projects is avilable in the .

More information:

EBRD methodology for assessment of GHG emissions  (0.2Mb)
EBRD and Carbon finance
Kyoto Protocol